Budget tracker: Break down of the proposed Nasarawa 2017 budget

by Usman Alabi

The budget has a total expenditure outlay of N67,013,057,753 only

Recurrent expenditure in the budget is N37,012,251,819 representing 55.23%

Capital expenditure is N30,000,805,934, representing 44.77%

The budget is 17.18% lower than the 2016 budget

It is christened the “Budget of Reformation”

The 2017 budget is to be funded from the following anticipated revenue sources:

Opening balance of N6.42 billion

Federation Account

a.  Statutory Revenue Allocation of N22 billion

b. Value Added Tax (VAT) of N8.5 billion;

c. Exchange Gain of N2.5 billion;Special Allocation of N300 million

d. Internally Generated Revenue (IGR) of N7.53 billion

e. Aids and Grants of N6.98 billion;

f. Budget Support Facility of N8.98 billion;

g. Commercial Bank Loan/Overdraft of N10.00 billion

Sectoral analysis of the proposed budget:

Administrative Sector

• General Administration/Legislation – N11.18 billion
• Pension & Gratuity – N3.05 billion
• Information & Culture- N0.640 billion
• Civil Service Matters – N0.579 billion

Sectoral Sub-Total – N15.45 billion

Economic Sector

• Agriculture and Water Resources – N3.04 billion
• Planning, Finance & Investment – N7.98 billion
• Works, Housing and Transport – N11.19 billion
• Commerce & Industry – N0.869 billion
• Rural and Community Development –N0.532 billion
• Lands & Urban Development – N4.47 billion

Sector Sub Total –N28.95 billion

Law & Justice Sector

• Judicial Service Commission – N0.125 billion
• Ministry of Justice – N0.236 billion
• High Court of Justice – N1.61 billion
• Customary Court of Appeal – N0.160
• Sharia Court of Appeal – N0.161 billion

Sector Sub Total – N2.29 billion

Social Sector:

• Education – N11.88 billion
• Health – N7.27 billion
• Youth & Sports Development- N0.822 billion
• Women & Social Development- N0.178 billion
• Environment & Natural Resources – N0.174 billion

Sector Sub Total- N20.32

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